Day trading, is it worth?

[Findingnemo]

Having the goal of 1% profit margin for the every trades you are making will let you to double your capital in just 100 trades which can be done in a day or two but the problem is we can't expect the price to be increasing always so when price drops you lose the profits of all the trades means it is worth but highly risky.

[XZERO1]

Speaking from experience I'd say it's not worth it, the only true winners of day trading are market makers and whales that can affect the market price with their buy and sell orders.

Instead of day trading which doesn't work for 95% of people, I suggest you to get better at discovering good projects and invest in them accordingly, in a bull market that crypto is in right now if you know how to do the research you can make a good money of it as long as Bitcoin stays relatively bullish, the good thing about investing is that you don't have to check out the price all the time and worry about short-term pull backs as the project you invested on/bought is not some random shitcoin and it has some decent chance of uptrend even in a not so bullish/green market or even on a bearish market.

[cabron]

Its worth trading if you have big capital, you know how to read the indicators and you can wait for weeks to sell and wait when to buyback. Indicators are really going to make you predict where the market could go. I did trade with just $200 and in a good week, I can actually earn at least $20 waiting for the right time. Now if you have more capital, you could really make good money enough for your week's supply.

[iv4n]

If you don't try it, there's no way to know it! I guess each of us is free to try day trading and to make some conclusions after that... the basic one would be is it or it's not for you!
I don't day trade, simply because I found that mid and long-term trades are more suitable for me and my strategies! I come to that by trying this and that... and it's how anyone should do, try this and that and find what works best for you!
Sometimes you need to do things and find answers, for each of us many factors are different. Just try to be careful with the money you have!

[BlinkInDie]

I haven't tried it on Crypto, but I did on the stock market. Honestly, it's very hard if you don't know what you are doing. Just like others, you must know how to read indicators and have a little bit of luck. From my first time day trading I was happy every time I gain like $10 and it continued until it didn't. Apparently, I was just lucky back then and didn't listen to others. For Crypto, from what I understand there are alts that are considered to be for short-term or long-term investment. I mean, for example, BTC and ETH should be HODL'd as long as possible. Just make sure to do your own research and don't rely on what others are saying. Always give a benefit of the doubt. I am back now on day trading for this project and it's mostly red this past few days but I know that there will be better days. If you decided to do day trading, I wish you luck.

[Yatsan]

It depends upon the individual if day trading will be suitable or will fit to him because there are traders who prefer day trading and others who do not. If it works better with you doing day trading then it will be worth if for you. But working on day trading do certainly need to put lots of time and effort concerning on monitoring your assets where you wish to trade with. If you are not that patient then day trading might not work good for you. Also, having prior knowledge as well as experience will be a great foundation for you if you really prefer day trading. If you lack both, better to think of it for a couple of times because if you will just keep pushing it through even it is not working, you will just be gaining losses rather than gains or profit.

[conected]

If you don't try it, there's no way to know it! I guess each of us is free to try day trading and to make some conclusions after that... the basic one would be is it or it's not for you!
I don't day trade, simply because I found that mid and long-term trades are more suitable for me and my strategies! I come to that by trying this and that... and it's how anyone should do, try this and that and find what works best for you!
Sometimes you need to do things and find answers, for each of us many factors are different. Just try to be careful with the money you have!

- Well, the trial of a few days of engaging in intraday trading is also a good way to give a general feel about this method because as you say, the amount of knowledge and patience, and even each person's analysis, affects the outcome, which means that every day trader will face different problems, feelings will be inconsistent and we will find it harder to judge. Instead of looking at so many pathways, we should step straight into our own, we will feel most accurately about our reality and chances of winning in day trading

[Lordhermes]

Hey mate, considering day trading has some strict rules to follow as long as you are constantly facing your device, what actually make people hate day trading is because they refuse taking their profit when due, a day trader accumulator of smaller amount of dollars for as long as he want to stop. In a rare sense, a day trader intention is actually to need be financially free and at least can afford what he want.

Day traders are one of the successful traders in the crypto space, in achieving this, the significant factor to know is to take profit, it doesn't really matter how much you get but the little dollar you make is achievable, never be a greedy fella trying to hit big from little amount, also bankroll management system should be ought most practiced so to avoid been drains of portfolio.

[Rengga Jati]

I'm personally actually learning to do day-trading, but probably it is not too significant. I only try to understand the market based on the chart and also information about the coin itself.
personally, I am not too familiar with technical analysis, yeah it needs more learning and also practice.
So far, my trading is to get even small profits, by scalping sometimes. It is no problem.

However, it is also important to pay attention to what coins we are using for day trading. Sometimes, every coin will be different every day.
That is why, I also differentiate between assets for day trading and also investment (at least short term)

[blockman]

Having the goal of 1% profit margin for the every trades you are making will let you to double your capital in just 100 trades which can be done in a day or two but the problem is we can't expect the price to be increasing always so when price drops you lose the profits of all the trades means it is worth but highly risky.

I find it hard to do that in a single day or even two. That's stressful and needed much mental awareness for you to do it. Knowing that most of the people are on their homes, there's a likely that you can fail in many of those trades which won't allow you to reach even a 1% profit for that single or for two days.

[Findingnemo]

Having the goal of 1% profit margin for the every trades you are making will let you to double your capital in just 100 trades which can be done in a day or two but the problem is we can't expect the price to be increasing always so when price drops you lose the profits of all the trades means it is worth but highly risky.

I find it hard to do that in a single day or even two. That's stressful and needed much mental awareness for you to do it. Knowing that most of the people are on their homes, there's a likely that you can fail in many of those trades which won't allow you to reach even a 1% profit for that single or for two days.

Yes, that is why day traders stuck in the same place where they begun their career for years while investors keep making profits and compounding them which is giving more profits than previous years.

[goaldigger]

Having the goal of 1% profit margin for the every trades you are making will let you to double your capital in just 100 trades which can be done in a day or two but the problem is we can't expect the price to be increasing always so when price drops you lose the profits of all the trades means it is worth but highly risky.

I find it hard to do that in a single day or even two. That's stressful and needed much mental awareness for you to do it. Knowing that most of the people are on their homes, there's a likely that you can fail in many of those trades which won't allow you to reach even a 1% profit for that single or for two days.

We cannot make money always, and in day trading is hard to achieve that daily profit since we’re lucky sometimes and most of the time, we’re struggling to make profit and this is what makes day trading a lot more risky. Day Trading is profitable if you’ll just compute your transactions every month and if you’re consistent on doing analysis before you trade, don’t expect to always win.

[StartupAnalyst]

Remember one more rule: invest only in reliable alts from the top list of Coinmarketcap or in BTC. When I started trading my experience was not much better than yours and day trading was stretching to a week holding before an appropriate moment to stabilize my profit could be found and then to invest again. You’ve already read a lot of info so knows much about trading. What you need now is to learn to analyze charts and you’ll become a good trader.

[Dollar_Hunter]

in my opinion day trading is perfect for those who don't have a job or full time at home, because if you are already proficient at trading, day trading can be your job and make you a trader, yes in the spot market day trading cannot be determined, it will but day trading is perfect if you play futures trading.

[Fredomago]

Having the goal of 1% profit margin for the every trades you are making will let you to double your capital in just 100 trades which can be done in a day or two but the problem is we can't expect the price to be increasing always so when price drops you lose the profits of all the trades means it is worth but highly risky.

It's not impossible,, but you needed to have a deep understanding and long patience in finding good asset/coin to trade.

Most of the time because of volatility it's unavoidable to instead of earnings you'll lose it back as greed comes up, in a situation that instead of parking it up and quit for the day you decide to continue and trade again, a very mistake that most of time a cause of losing.

But if you have a good system and you can follow everything with no interference with your strategy, it takes time, but the outcome is really sweet when you discover/build strong foundations of your everyday trades.

[zanezane]

in my opinion day trading is perfect for those who don't have a job or full time at home, because if you are already proficient at trading, day trading can be your job and make you a trader, yes in the spot market day trading cannot be determined, it will but day trading is perfect if you play futures trading.

That is if you are proficient at trading and each day you are doing a profit because if not then you will have a painstaking journey ahead for you. You have to weigh in everything in regards to day trading, your skills, the capital, and other avenues in which is much easier to earn a passive income stream. Try making other ways to make money to keep your hands off from your capital in case you need to spend it on some daily needs like food and hygiene.

[Findingnemo]

Having the goal of 1% profit margin for the every trades you are making will let you to double your capital in just 100 trades which can be done in a day or two but the problem is we can't expect the price to be increasing always so when price drops you lose the profits of all the trades means it is worth but highly risky.

It's not impossible,, but you needed to have a deep understanding and long patience in finding good asset/coin to trade.

Most of the time because of volatility it's unavoidable to instead of earnings you'll lose it back as greed comes up, in a situation that instead of parking it up and quit for the day you decide to continue and trade again, a very mistake that most of time a cause of losing.

But if you have a good system and you can follow everything with no interference with your strategy, it takes time, but the outcome is really sweet when you discover/build strong foundations of your everyday trades.

We are talking about the day trading where people don't really concentrate on the value , the price and the movements are important factors to be observed. Yes it is not possible that is why day traders make profits and lose profits then keep stuck in the loop as I said.So at the end its like wasting our time, energy and also resources so go for long term investment where the same returns can be made with no much of efforts made.

[imstillthebest]

At least I tried it

this is the most important .
so what if you fail ? but atleast you tried it and you made a promise that you are going to conitnue this journey and with that , theres no need to question or to confuse yourself if you will continue in this path or not because already decided that you wanna be a trader .
 i hope you can answer your own question if day trading is worth it because you already tried it but your going to answer that its not worth it because of your own result but its worth it for the traders that are succesful .

[blckhawk]

Well, the best answer for that is it will depend on you though. Like if you know what you are doing, actively watching the market, you have a good indicator and such then daily trade will definitely be worth it. You could try it yourself so that you will know if it is suitable for you or not. Some people find it difficult even most of them lose on this kind of trade but some others find it easy. They could say it is worth it and they could say it is not. We all have different preferences in which we can able to earn as highest as possible. For me though, I am fond of spot and long-term trade, in this method, I find it very effective while others are not. To be honest, the only one who can answer your question is yourself.

[Maslate]

Hello guys, how are you?

It is nice to meet you!

Honestly...we're good as the market surging high making for another ATH.

Day trading is really good for people who wanted to learn and patiently wait to develop their knowledge and skills in trading. To tell you that many individuals had come and tried trading but not all of them wins. Why? it is because they don't like the results of what they are doing.

You can say that some traders can manage to have 10%-20% monthly profit, but try to ask them how long (years) they have been doing this. You will probably surprise by their answer and suggestions.